Bitcoin, dollar plunge while S&P 500 rallies after US inflation hits 3-decade high
Data on Friday showed core personal consumption expenditure in the US surged to 3.42% year-over-year for the first time since 1991. Go to Source Powered by WPeMatico
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Former NYSE President Says for Bitcoin to Exceed Gold It Needs to Be Accepted More as Currency
On June 24, the CEO of Far Peak Acquisition Corp. and former New York Stock Exchange (NYSE) president, Thomas Farley discussed the future of bitcoin and gold on the CNBC broadcast Squawk Box. Farley is optimistic about the leading crypto asset but he doesn’t believe it will surpass gold’s $10 trillion market capitalization unless it’s … Read more
Bitcoin in uptrend but BTC may never beat gold’s $10T market cap — ex-NYSE head
Thomas Farley, former chief operating officer of the New York Stock Exchange, is “sanguine” about recent price action. Go to Source Powered by WPeMatico
While Bitcoin Hits New Lows Gold Bug Peter Schiff Blasts the Top Crypto and Supporters
The American economist, financial commentator, and gold bug Peter Schiff had a lot to say about bitcoin’s price sliding on Tuesday. Schiff has always claimed bitcoin’s value will one day drop to nothing. This week he insists bitcoin’s chart shows a head and shoulders top pattern with a “neckline around $30K the pattern measures a … Read more
Joining the ranks: Bitcoin’s correlation with gold and stocks is growing
BTC used to be an uncorrelated asset, but that’s no longer the case. What can gold and stocks suggest about the crypto markets? Go to Source Powered by WPeMatico
Bitcoin retests $37K support, gold and stocks drop lower over Fed comments
Steady BTC inflows to crypto exchanges and fallout from the Federal Reserve’s plan to hike interest rates dropped Bitcoin price to the $37,000 support. Go to Source Powered by WPeMatico
Bitcoin slips below $39K as Fed sends gold to 6-week lows
It’s been a bad 24 hours for the precious metal, which shed $100 per ounce thanks to the Fed’s outlook. Go to Source Powered by WPeMatico
Diversification into Bitcoin a ‘prudent move,’ says Bloomberg strategist
The statement appeared as Bitcoin investors waited for fresh economic projections from the Federal Reserve and China pledged to release metal reserves amid concerns over commodity rally. Go to Source Powered by WPeMatico
JPMorgan Is Stockpiling Cash – CEO Claims There’s a ‘Very Good Chance Inflation Will Be More Than Transitory’
Investment bank JPMorgan Chase is stockpiling cash according to the company’s CEO Jamie Dimon. The investment banker doesn’t seem to believe inflation is “transitory” and he thinks there’s a “very good chance” inflation could stick around. JPMorgan Chase CEO: ‘I Do Expect to See Higher Rates and More Inflation’ At the end of April, Bitcoin.com … Read more
Billionaire Paul Tudor Jones Says ‘I Like Bitcoin’ — Will Go All in on Inflation Trades if Fed Says ‘Things Are Good’
Billionaire hedge fund manager Paul Tudor Jones says he likes bitcoin. Noting that he can trust math, the famed hedge fund manager said, “bitcoin has appealed to me because it’s a way for me to invest in certainty.” Jones also shared his investment strategies in response to the Fed’s policy. Paul Tudor Jones on Bitcoin, … Read more